RBI & It’s Autonomy
Current Affairs

RBI & It’s Autonomy

General Studies- 3 - Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment. Background - The government and the RBI are speaking alien languages on the state and direction of Indian economy. On October 26, RBI deputy governor Viral Acharya virtually accused the government of interfering with the working of the central bank. On the other hand, Union Finance Minister Arun Jaitely blamed the RBI for unmanageable figures of stressed assets saying that it failed to check indiscriminate lending between 2008 and 2014 causing NPA crisis in the banking industry. The government wants the RBI…
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